Parkland Corp.'s refinery in Burnaby, B.C. The company expects to close its deal with Sunoco on Friday.

Parkland Corp. PKI-T reported a third-quarter profit of $129-million, up from $91-million a year ago, as it prepared to complete its deal to be acquired by U.S. company Sunoco SUN-N .

The Calgary-based company says its profit amounted to 73 cents per diluted share for the quarter ended Sept. 30, up from 52 cents per diluted share a year earlier.

On an adjusted basis, Parkland says it earned $1.02 per diluted share in its latest quarter compared with an adjusted profit of 60 cents per diluted share in the same quarter last year.

Sales and operating revenue totalled $7.35-billion, up from $7.13-billion a year earlier.

Parkland-Sunoco deal approved under Investment Canada Act

Park

See Full Page